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Dear Sir,
I have a question regarding the difference between the supplier price & cost.
Both information are indicated in product :
sheet general info and purchase
Indeed, when I add information in purchase sheet (supplier and supplier's price), the price is not automatically put in the cost box. Why ?
Do we put the cost manually when we had a supplier's cost ?
Version 17.
Many thanks for your reply
BR
Thanks all for your answer.
It means that I can put cost manually depending on supplier cost + others costs (transport, taxes, ...).
This enter will just influenced the stock valuation, right ?
Thanks and BR
Also, in my example:
I am based in Lebanon. I purchase an Item X from France at 100 Euros. Shipping cost + taxes + other costs + eur to usd conversion rate is 35% increase in my cost.
So, my cost is actually 135 USD, not 100 Euros.
By separating supplier price and cost, i can know how much a product costs me at the source, and how much it is costing me landed in my warehouse.
My first Supplier charges $10 and my second $12. If I buy 10 from each and use Average Cost my cost is $11 per unit.
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